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Proposition AIDEA PUBLIC SCHOOLS (Hidalgo County)
PASSEDIDEA PUBLIC SCHOOLS 2013 Capital Infrastructure & Facility Improvement Bond Proposition
May 2013 IDEA PUBLIC SCHOOLS Uniform General & Special Election • Canvassed on 2013-05-04
Official Certified Canvass Outcome
FOR: 8,916 (61.0%)AGAINST: 5,700 (39.0%)
Total Ballots Cast on Proposition: 14,616
Authorized Bond Debt
$215.9M
Total 30-Yr Repayment
$328.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes IDEA PUBLIC SCHOOLS to issue $215,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $215,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR IDEA PUBLIC SCHOOLS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.